America’sDebt Crisis Lot Worse Than Reported / $48 Trillion
Last year total debt increased $3.9Trillion, 5 times more than GDP.
External debt owed foreign interests increased $1 Trillion;
Household, business and financialsector debtsoared 9%.
72% ($35 trillion) of total debt was created since 1990,
a period primarily driven by debtinstead of by productive activity.
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